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  #71  
Old 03-15-2018, 04:55 PM
luke strawwalker's Avatar
luke strawwalker luke strawwalker is offline
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Originally Posted by JumpJet
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 You can bid on those tooMakes me wonder what sort of Estes Industries is going to emerge by summer


This is NOT true. Parts of Estes are NOT being sold separately. Someone or group of people out there will soon be the new owners of Estes and product will continue to be produced as before. This new owner may have ideas on what direction to take the company like getting back into Pro Series II models or bringing back the old B14 motor, or only making ARF models, you simply never know. This will all be over in a few weeks, so lets just wait and see what happens.

I will say the ONLY reason Estes is in Chapter 11 is because we are owned by Hobbico.

John Boren


Lord don't let it be another Tunick...

Later! OL J R
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  #72  
Old 03-15-2018, 06:22 PM
rocket.aero rocket.aero is offline
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Originally Posted by ghrocketman
Every once in a while we get teased the B14 may come back.


When has Estes ever teased that the B14 might be coming back? Everyone at the company I've ever discussed the subject with was pretty clear that the cored motors would never be reissued.

(Background: we used a LOT of B14-0 motors as boosters for the S5 Scale Altitude models we flew in FAI competition from 2010 through 2014, and had a very real need for more. And yes, we were willing to pay for access to a short run of custom motors.)

James
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  #73  
Old 03-15-2018, 06:31 PM
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ghrocketman ghrocketman is offline
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Pleeeeeeeeez don't be another Tunick or any other "toy" executive.
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  #74  
Old 03-15-2018, 10:16 PM
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Originally Posted by kevinj
Brain activated toys like the Star Wars "Force Trainers".
https://youtu.be/TQDra0NiHcQ?t=40s

Looks like they were targetting post stroke rehab.


My sincere hope is that the first real product using this technology would be a neural fin sander.
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  #75  
Old 03-16-2018, 07:34 AM
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  #76  
Old 03-18-2018, 03:29 AM
Geezer Geezer is offline
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Hope for the best and prepare for the worst.
I recently retired from a large company worth 6.4 billion. They acquired 2 or 3 companies per year for the last 17 years. All of these acquisitions pushed the spin that the change was good for them and they would become an even stronger entity. Many were stripped of some product lines our company desired and they dumped the rest before closing down their new acquisition in a one to five years. Remember when Estes did this to Cox? Their employees were assured of a solid future only to find that Estes just wanted the RTF r/c planes line and closed down the model engine plant and the plastic division that made glow engined control line planes.
Also I 'm sure you may recall the stories of how disheartening it was for the original Estes crew to make presentations to their new Damon executives who seemed somewhat clueless and indifferent to the items in the presentations. The new owners may very well be the same unless they have a solid background in the model rocketry industry.
No one can say with any degree of certanty whatsoever what will or will become of Estes. Only well after March 26th will anyone have an idea of what will happen.
Unless one of us has Half a billion hidden in their mattress all we can do is hope for the best and prepare for the worst.
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  #77  
Old 03-18-2018, 09:09 AM
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Quote:
Originally Posted by JumpJet
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 You can bid on those tooMakes me wonder what sort of Estes Industries is going to emerge by summer


I will say the ONLY reason Estes is in Chapter 11 is because we are owned by Hobbico.
John Boren



This is about what I had figured and I'm glad to hear you say it. As somone with almost 40 years in banking and with SBA, it makes no sense to sell off parts of Estes. The company is in good shape and the strongest player in it's niche.

As long as who ever buys it realizes the importance of retaining the employees that make it a great company, Estes will be just fine.

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  #78  
Old 03-18-2018, 10:01 AM
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Royatl Royatl is offline
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Quote:
Originally Posted by Geezer
Hope for the best and prepare for the worst.
I recently retired from a large company worth 6.4 billion. They acquired 2 or 3 companies per year for the last 17 years. All of these acquisitions pushed the spin that the change was good for them and they would become an even stronger entity. Many were stripped of some product lines our company desired and they dumped the rest before closing down their new acquisition in a one to five years. Remember when Estes did this to Cox? Their employees were assured of a solid future only to find that Estes just wanted the RTF r/c planes line and closed down the model engine plant and the plastic division that made glow engined control line planes.
Also I 'm sure you may recall the stories of how disheartening it was for the original Estes crew to make presentations to their new Damon executives who seemed somewhat clueless and indifferent to the items in the presentations. The new owners may very well be the same unless they have a solid background in the model rocketry industry.
No one can say with any degree of certanty whatsoever what will or will become of Estes. Only well after March 26th will anyone have an idea of what will happen.
Unless one of us has Half a billion hidden in their mattress all we can do is hope for the best and prepare for the worst.


It's true that there are some scenarios that could play out that would be ultimately detrimental. The new owner might be a foreign conglomerate who would use Estes to bring their own inferior (or superior) product in to the market. The new owner might be an otherwise clueless individual with a lot of cash. Or might be a silicon valley investor who thinks Estes should get into robotics and AI and forget about all this silly rocket stuff.

Estes survived Damon, they survived Nomad, they survived Bank of the West, they survived Tunick (who, as much as I bash him, probably took Estes where it needed to go at the time), and it's probable that they'll survive Hobbico (which seemed like a great idea at the time).

As for Cox, I think Tunick was serious about building a hobby powerhouse back in '97 when he bought Cox, Sterling, and the other properties, but the market was already spiraling away for those, and he didn't seem to know how to deal (if he even wanted to) with niche markets.
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  #79  
Old 03-24-2018, 09:07 AM
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  #80  
Old 03-24-2018, 09:33 AM
Ltvscout Ltvscout is offline
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Quote:
Originally Posted by GuyNoir

Good news. The only Estes Industries, LLC I could find is in West Palm Beach held by Nicole Estes. I don't think that's the company. ;-) The "correct" company must've just registered because I can't find it with Google.
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